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Jan 1, 2013
01/13
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WJLA
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country prepares to welcome and -- welcome in a new tor, time is running out avoid the fiscal cliff. news of an agreement between the came inuse and senate last 90 minutes. we have been following the twists and turns. this does not mean that a deal done, right? >> it has been reached behind closed doors. we are at 0 hours. 58 minutes until we go over the fiscal cliff. there has been a lot of light breaking developments. deal has beena reached that would stop the big that would be enacted across the board if we over the fiscal cliff. this is a live picture from the capital. been a flurry of activity tonight. this still addresses some of the about to happen -- the deal addresses some of to happen asbout well. the vice president walked past d was asked if a deal had been reached. here's what happened. >> happy new year. >> do you have a deal? >> happy new year. >> happy new year. he would not answer the question. that he was smiling is taken as a good sign. e deal that has reportedly reached keeps taxes the every one making $450,000 or less. it also appears this avoids the to defense an
country prepares to welcome and -- welcome in a new tor, time is running out avoid the fiscal cliff. news of an agreement between the came inuse and senate last 90 minutes. we have been following the twists and turns. this does not mean that a deal done, right? >> it has been reached behind closed doors. we are at 0 hours. 58 minutes until we go over the fiscal cliff. there has been a lot of light breaking developments. deal has beena reached that would stop the big that would be enacted...
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Dec 29, 2012
12/12
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WJLA
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. >> just three days until the so- called fiscal cliff, and there are new developments on the road to a deal. richard reeve has been following all of the twists and turns. while there is still nothing concrete, both sides are talking? >> that is right democratic and republican leaders are trying to broker a last-minute deal to allow a rank-and-file vote sunday, the radically house members back in session sunday night would look but time is running out. as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal
. >> just three days until the so- called fiscal cliff, and there are new developments on the road to a deal. richard reeve has been following all of the twists and turns. while there is still nothing concrete, both sides are talking? >> that is right democratic and republican leaders are trying to broker a last-minute deal to allow a rank-and-file vote sunday, the radically house members back in session sunday night would look but time is running out. as the fiscal cliff deadline...
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Jan 1, 2013
01/13
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WMAR
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whathappens now that both sides have reached a deal on the fiscal cliff. >> i'm so excited. >> the kounlt down to the new year means very soon some same same-sex couples will be tying the knot in maryland. >> will there be snow or rain tomorrow, we'll talk about it. >> and we're working for you safety tips you need to know before you break open the buply. . >> and bebegin -- we begin with a live look at the crowd in downtown baltimore. thousandspacking the harbor to ring in the new year with the annual fireworks display. the strokeof midnight will bring an exchanging of rings for some of maryland's same sex couples. >> christian, this couple has spent 12 years together now they will marry one minute after midnight when it's legal to do so in maryland. we have seen football players and fast food owners speak up on the issue. now the celebrations begin. . >> . >> 12 years of dating and finally the day comes, she's getting her make up done by her sister. >> you might think things are impossible but if you work on it, things can become possible. >> she and her partner worked on the campaign t
whathappens now that both sides have reached a deal on the fiscal cliff. >> i'm so excited. >> the kounlt down to the new year means very soon some same same-sex couples will be tying the knot in maryland. >> will there be snow or rain tomorrow, we'll talk about it. >> and we're working for you safety tips you need to know before you break open the buply. . >> and bebegin -- we begin with a live look at the crowd in downtown baltimore. thousandspacking the harbor...
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Dec 28, 2012
12/12
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WRC
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four days until we hit the fiscal cliff. good morning everybody. i'm aaron gilchrist. >> i'm eric go-- erika gonzalez. it's the last friday of the year, mr. gilchrist. >> yes, it is. >>> we could be talking rain and snow by tomorrow morning at this time. let's take a live look outside. looks to be nice. there's v.j. >> hi guys. happy friday. >> happy friday to you. skies look pretty good
four days until we hit the fiscal cliff. good morning everybody. i'm aaron gilchrist. >> i'm eric go-- erika gonzalez. it's the last friday of the year, mr. gilchrist. >> yes, it is. >>> we could be talking rain and snow by tomorrow morning at this time. let's take a live look outside. looks to be nice. there's v.j. >> hi guys. happy friday. >> happy friday to you. skies look pretty good
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Dec 25, 2012
12/12
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KPIX
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investors sold stocks yesterday at the deadline but that deal to avoid the fiscal cliff on new year's if democrats and republicans can't compromise, tax hikes will kick in, the tax policy center said families making $50,000 a year will have to pay $2,400 more in taxes. >>> the excon who lured firefighters to their deaths left a note saying he wanted to burn down the neighborhood and do what i like doing best, killing people. >> we are being shot at. multiple fireman down, i'm shot. >> that was a call that a wounded firefighter made, william spangler burned his home yesterday and waited for first responders. he was armed a gun, a shot gun and a rifle. he opened fire when crews arrived. arrived. two firefighters were killed. >> just always there for you. you just take them for granted. you don't -- >> two more wounded are still in the hospital on this christmas day. spangler took his own life. his rifle is the same make and caliber weapon used by the newtown shooter. >>> families in connecticut are trying to find solace on this christmas day. the town is still reeling from the shooting
investors sold stocks yesterday at the deadline but that deal to avoid the fiscal cliff on new year's if democrats and republicans can't compromise, tax hikes will kick in, the tax policy center said families making $50,000 a year will have to pay $2,400 more in taxes. >>> the excon who lured firefighters to their deaths left a note saying he wanted to burn down the neighborhood and do what i like doing best, killing people. >> we are being shot at. multiple fireman down, i'm...
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Dec 28, 2012
12/12
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MSNBCW
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. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're...
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two hours after america went off the fiscal cliff. >> happy new year. >> reporter: vice president biden came to the capitol to sell the fix. he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month, republicans in congress said they would never agree to raise tax rates on wealthiest republicans. >> reporter: only 5% said no. >> americans will wake up today to be sure that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house take
two hours after america went off the fiscal cliff. >> happy new year. >> reporter: vice president biden came to the capitol to sell the fix. he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families...
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Dec 27, 2012
12/12
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FBC
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gerri: breaking news in the fiscal cliff tonight, fox news reporting there'll be a meeting of congressional leaders with the president tomorrow. we don't have a time confirmed, but in being with congressional leaders on hand will be the president, mitch mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they haven't been invited. so figure that out. who will follow as it continues to break but right now a meettng with congressional leaders on the fiscal cliff with the president on hand tomorrow, friday, and we will shirk over that. i put different topic. even if you aren't a frequent flyer, my next guest says you can enjoy the perks of being one. like being upgraded to first class and it is not as hard as you think. now, rick, have waited for this segment for the whole show because i wanted that elite status but i don't fly enough to really earn it. so tell me, how can i get that elite status without doing a
gerri: breaking news in the fiscal cliff tonight, fox news reporting there'll be a meeting of congressional leaders with the president tomorrow. we don't have a time confirmed, but in being with congressional leaders on hand will be the president, mitch mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they...
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Dec 27, 2012
12/12
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FOXNEWSW
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. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,0
. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get...
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Jan 1, 2013
01/13
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FOXNEWSW
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the good news the senate has approved the fiscal cliff deal the bad news taxes are going up regardless thanks to obama care. five new taxes due to obama care will start going into effect. they impact everything from healthcare costs to the cost of medical devices. the congressional budget office says americans will end up paying $1 million. the deadly attack in benghazi was tearrism. cia and other government agencies that made changes to the talking points on the attack not the white house. following the attack u.n. ambassador susan rice says they used the talking points may have been a spontaneous protest that got out of hand. >>> netflix users can now share every movie they have err watched with facebook plans. congress passed a bill allowing netflix and other video streaming sites to share viewing history. users will have the opportunity to opt in or out of the social sharing feature. >>> colorado had the first recreational pot club. months after it became legal private members only clubs popped up all over the state. it prohibits public smoke sgug include private clubs. they have a
the good news the senate has approved the fiscal cliff deal the bad news taxes are going up regardless thanks to obama care. five new taxes due to obama care will start going into effect. they impact everything from healthcare costs to the cost of medical devices. the congressional budget office says americans will end up paying $1 million. the deadly attack in benghazi was tearrism. cia and other government agencies that made changes to the talking points on the attack not the white house....
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Jan 1, 2013
01/13
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CNNW
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meanwhile amid stay the chaos around the fiscal cliff, the new year actually was ushered in last night. and in many places it happened in grand style. the crowd estimated at 1 million packed new york's times square, and they counted down to 2013. ♪ >> 5, 4, 3, 2 -- happy new year! >> i can't believe i slept through that. and 2013 rolls into las vegas, a spectacular fireworks show lit up the night sky over the vegas strip. check that out. that's pretty cool. >> this is our new year's eve right here. >> this is how losers celebrate new year's, ladies and gentlemen. >> we're geeks. not losers. >> thank you very much. meanwhile other news two planes were damaged at fort lauderdale hollywood airport last night when the wing of a taxiing spirit airline flight clipped the tail section of a parked united airline jet. there was a gash in the tail section of the united plane but no fuel leaked from either aircraft and no injuries were reported. >> still to come on "early start" as we've been reporting, new details on secretary of state hillary clinton's health scare. a blood clot in her head.
meanwhile amid stay the chaos around the fiscal cliff, the new year actually was ushered in last night. and in many places it happened in grand style. the crowd estimated at 1 million packed new york's times square, and they counted down to 2013. ♪ >> 5, 4, 3, 2 -- happy new year! >> i can't believe i slept through that. and 2013 rolls into las vegas, a spectacular fireworks show lit up the night sky over the vegas strip. check that out. that's pretty cool. >> this is our...
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Dec 28, 2012
12/12
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. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm craig melvin. we have some breaking news at this hour. nbc news laz learned president obama will host a meeting tomo
. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're...
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Dec 28, 2012
12/12
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KPIX
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danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given wall street a case of vertigo. the markets plummeted early, but the dow regained most of its 150-point lost. >>> a former bay area city councilman is about to learn first hand how washington works or doesn't. he's a newly elected congressman and heading into the capitol hill quagmire. juliette goodrich talked to stallwell about his plan to fix our fiscal ills. >> let's face it. you're the freshman walking in. >> reporter: 31-year-old newly elected eric swalwell says if the 112th congress can't figure out the fiscal cliff, he's ready to bring some small town solutions to capitol hill. >> so you really think you can take the city of dublin politics to washington and it's gonna work? >> at the end of the day, it's about personal relationships, trust, working together for the people who elected you. >> reporter: swalwell was a dublin city councilman and said he had to work with republicans in other words to pass the city budget. he says it's the same kind of compromise strategy in washington. >> i'm confide
danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given wall street a case of vertigo. the markets plummeted early, but the dow regained most of its 150-point lost. >>> a former bay area city councilman is about to learn first hand how washington works or doesn't. he's a newly elected congressman and heading into the capitol hill quagmire. juliette goodrich talked to stallwell about his plan to fix our fiscal ills. >> let's face it. you're...
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Dec 26, 2012
12/12
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FOXNEWSW
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. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,0
. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get...
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Dec 31, 2012
12/12
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CSPAN
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joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of ha
joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of...
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Jan 1, 2013
01/13
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KPIX
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on the fiscal cliff negotiations. i'm terrell brown in new york city. happy new year, everybody. this is the "cbs morning news." i'm terrell brown in new york ci city. happy new year, everybody. this is the "cbs morning news." n this old container smell fresh? describe the room. a big, open space. smells really fresh, man. oh! [ both laugh ] febreze? how about that? yeah. febreze anti-clogging technology keeps it smelling fresh. febreze. breathe happy. [ female announcer ] the gold standard in anti-aging. roc® retinol. found in roc® retinol correxion deep wrinkle night cream. it's clinically proven to give 10 years back to the look of skin. now for maximum results... the power of roc® retinol is intensified with a serum to create retinol correxion® max. it's proven to be 4x better at smoothing lines and deep wrinkles than professional treatments. new roc® retinol correxion® max. nothing's better than gold. >>> it's estimated that 25,000 african elephants are killed every year by poachers for their ivory tusks. a
on the fiscal cliff negotiations. i'm terrell brown in new york city. happy new year, everybody. this is the "cbs morning news." i'm terrell brown in new york ci city. happy new year, everybody. this is the "cbs morning news." n this old container smell fresh? describe the room. a big, open space. smells really fresh, man. oh! [ both laugh ] febreze? how about that? yeah. febreze anti-clogging technology keeps it smelling fresh. febreze. breathe happy. [ female announcer ]...
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Jan 1, 2013
01/13
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CNNW
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our starting point in the special fiscal cliff edition of "starting point" is breaking news, a fiscal cliff deal struck in the senate overnight. now our paycheck and the u.s. economy are in the hands of the house of representatives. this is the latest, a bill crafted by vice president joe biden and minority leader mitch mcconnell passed 89-6 margin just after 2:00 in the morning. the republican controlled house has agreed to consider it later in the morning but it is anyone's guess how that will go. if the house votes yes the measure would generate about $600 billion in new revenues over the next ten years. that is a big if, if you listen to what republican congressman phil gingrey said this morning. >> reporter: at one point the live and divide another day you have to dig in your heels and say by golly i'm going to die over this today because it's important to the people of my district and this country. >> are there enough votes in the house to pass this? it will take a combination of democratic and republican votes. if the senate measure does get through the house here is what the p
our starting point in the special fiscal cliff edition of "starting point" is breaking news, a fiscal cliff deal struck in the senate overnight. now our paycheck and the u.s. economy are in the hands of the house of representatives. this is the latest, a bill crafted by vice president joe biden and minority leader mitch mcconnell passed 89-6 margin just after 2:00 in the morning. the republican controlled house has agreed to consider it later in the morning but it is anyone's guess...
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year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the
year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for...
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Dec 27, 2012
12/12
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CNNW
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we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the president and top-level republican
we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of...
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Dec 28, 2012
12/12
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. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the bay point station. service was interrupted for some time while police searched if station but they did not turn up a suspect. the victim only described as a male was taken to the hospital with what is being called serious injuries. >>> 1,170 people were arrested for dui statewide compared to 1,080 in 1990. in the bay area 165 people have been arrested for dui and there have been three fatal collisions. last year there were 188 arrests and no fatalities. >>> happening now, matt keller is live in fremont where a dui checkpoint is currently on the way. >> this checkpoint has been going on here on fremont b
. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened...
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Dec 28, 2012
12/12
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WETA
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one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- w
one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the...
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Dec 31, 2012
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year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the s
year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for...
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Dec 27, 2012
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in order to resume talks on the fiscal cliff. there are just five days remaining to strike a deal. we'll get to all that in a moment, but first, we begin with a massive winter storm that made holiday travel miserable for millions of americans, including me! winter storm euclid -- what, are we naming snowstorms now? euclid. you can lid? well, euclid blanketed much of the eastern half of the country yesterday, dropping blizzard-like conditions and record snowfall in the midwest, and by late afternoon, euclid moved northeast, bringing traffic to a standstill, forcing the cancellation of more than 1,500 flights on one of the busiest travel days of the year. the weather channel's mike seidel has more on the massive christmas storm. >> reporter: a major snowstorm has dumped over a foot of snow across parts of the midwest. indiana got hit hard. high winds adding to the misery there. >> it's a lot better with the four-wheel-drive, but it, yeah, it's definitely a doozy out there. >> reporter: and there's lots of snow in little rock, too.
in order to resume talks on the fiscal cliff. there are just five days remaining to strike a deal. we'll get to all that in a moment, but first, we begin with a massive winter storm that made holiday travel miserable for millions of americans, including me! winter storm euclid -- what, are we naming snowstorms now? euclid. you can lid? well, euclid blanketed much of the eastern half of the country yesterday, dropping blizzard-like conditions and record snowfall in the midwest, and by late...
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Dec 28, 2012
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. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the bay point station. service was interrupted for some time while police searched if station but they did not turn up a suspect. the victim only described as a male was taken to the hospital with what is being called serious injuries. >>> 1,170 people were arrested for dui statewide compared to 1,080 in 1990. in the bay area 165 people have been arrested for dui and there have been three fatal collisions. last year there were 188 arrests and no fatalities. >>> happening now, matt keller is live in fremont where a dui checkpoint is currently on the way. >> this checkpoint has been going on here on fremont b
. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened...
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Dec 31, 2012
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still ahead, the weather. >> breaking news regarding the negotiations on the fiscal cliff. according to the associated press, the contour is of a deal are emerging that would raise tax rates on couples making over $450,000 per year and would raise the estate tax rates and extend unemployment benefits for one year. all this according to officials familiar with negotiations. an australian surfer is counting his blessings after a close call. let's roll video while we talk. there is. a shark attacked him just feet away from the shore. a seven-foot shark. a guy lost a finger recently. >> a different guy? >> a different one. how is it looking? pretty decent today, partly sunny this afternoon, highs in the mid 30's. a little light rain and snow possible this evening, but more likely tomorrow. >> we will take it for the end of the year. we will see you back here for "good morning washington"on we
still ahead, the weather. >> breaking news regarding the negotiations on the fiscal cliff. according to the associated press, the contour is of a deal are emerging that would raise tax rates on couples making over $450,000 per year and would raise the estate tax rates and extend unemployment benefits for one year. all this according to officials familiar with negotiations. an australian surfer is counting his blessings after a close call. let's roll video while we talk. there is. a shark...
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Dec 31, 2012
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the sport's version of the fiscal cliff. >> still have a chance to change the new year's eve forecast. >> it will be dry, that is the good news. you will want to bundle up. old town alexandria -- temperatures will be in a 30's. tomorrow, a little bit of a wintry mix south of d.c. colder air is on the wave. >> it feels better than last year, so we will take it. >> abc world news is coming up next.
the sport's version of the fiscal cliff. >> still have a chance to change the new year's eve forecast. >> it will be dry, that is the good news. you will want to bundle up. old town alexandria -- temperatures will be in a 30's. tomorrow, a little bit of a wintry mix south of d.c. colder air is on the wave. >> it feels better than last year, so we will take it. >> abc world news is coming up next.
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Jan 1, 2013
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we will restart in just a moment with the latest on the fiscal cliff. >>> this is a fox news alert. i'm bret baier live in washington. we are following what is developing to be the beginnings of a deal. we heard of a deal all day long between senator mitch mcconnell, the senate minority leader and vice president joe biden. they have been talking nonstop about trying to come to some conclusion. a little bit of a scaled back version of the original grand bargain to deal with the expiring bush era tax cuts and also to deal with the impending sequester, the across-the-board cuts that would hit the pentagon and also domestic spend ising. they have according to the white house and senate republicans reached a deal but vice president biden is up on the senate side right now behind closed doors trying to convince some skeptical senate democrats to sign on to this before this piece of legislation hits the senate floor. we begin with our restart and to tell us exactly where we are at this hour, and this hour by the way is just two hours ahead of 2013. there you see the specifics of the deal.
we will restart in just a moment with the latest on the fiscal cliff. >>> this is a fox news alert. i'm bret baier live in washington. we are following what is developing to be the beginnings of a deal. we heard of a deal all day long between senator mitch mcconnell, the senate minority leader and vice president joe biden. they have been talking nonstop about trying to come to some conclusion. a little bit of a scaled back version of the original grand bargain to deal with the expiring...
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Dec 29, 2012
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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Dec 26, 2012
12/12
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now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working woman in showbiz. >> i have been working a lot lately. i know. yeah. the holidays, busy time. and if you are out and about traveling you know the rain has been a big issu the last few days. we'll get some brief dry breaks but we have heavier cells moving through. look over san francisco. everywhere you see that orange and yellow that's the heavier rain moving through actually through hayward right now if you are traveling the nimitz anytime in the near future. dublin-pleasanton socked in with rain. so the main cold front has already moved through. this is just unstable air behind it. cool and breezy throughout the afternoon fi
now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working...
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Dec 29, 2012
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one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- w
one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the...
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Dec 26, 2012
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cliff before the new year. and president obama has cut his vacation one day short and heading back today. does it still look doable? >> there is hope for a deal but confidence in that grand bargain has already but disappeared. >> reporter: americans are already taking a hard look at their wallets as confidence in the fiscal cliff diminishes. >> i don't think there is a grand bargain but hope a deal will be cut. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billi
cliff before the new year. and president obama has cut his vacation one day short and heading back today. does it still look doable? >> there is hope for a deal but confidence in that grand bargain has already but disappeared. >> reporter: americans are already taking a hard look at their wallets as confidence in the fiscal cliff diminishes. >> i don't think there is a grand bargain but hope a deal will be cut. >> reporter: if congress doesn't change tax cuts in day,...
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a big show coming up we, too, are counting down to the fiscal cliff to new year's eve to the nfl post season on my last day as you said and clayton's birthday mind you. an update on hillary clinton's condition in just about 10 minutes join us for "fox & friends" 6-9 eastern time. >> welcome back. it is 52 after the top of the hour. let's span the globe to see what's happening in headlines. hugo chavez is reporting from new complications following his recent cancer surgery there. so far we are hearing those complications are stemming from a respiratory infection and his condition is delicate. next to northern ireland where police officer manages to escape a bomb found under his car. so far no one is claiming responsibility for planting the device. finally to columbia where a massive land slide completely cut off a highway and buried cars there. at least five people were killed. a search is underway right now for 25 people that are missing. patti ann? >>> the count down to 2013 is on. over 1 million people preparing to pack times square to ring in the new year. lawmakers may ring in the
a big show coming up we, too, are counting down to the fiscal cliff to new year's eve to the nfl post season on my last day as you said and clayton's birthday mind you. an update on hillary clinton's condition in just about 10 minutes join us for "fox & friends" 6-9 eastern time. >> welcome back. it is 52 after the top of the hour. let's span the globe to see what's happening in headlines. hugo chavez is reporting from new complications following his recent cancer surgery...
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it's essentially the new fiscal cliff, that deadline. every piece of legislation passed by the house or the senate over the last two years completely expires with this current congress. so you've got to start from scratch. that gives opponents not just on the right, but on the left as well who were not happy with the bill to build opposition, whether it's organized labor or ors or conservatives. that is a huge problem. the president is silent right now, you can guarantee if we move closer to the expiration date, the president will go out here and really engage the public to force the house to consider the bill before it expires, bret? >> bret: ed henry live on the north lawn. thank you. we'll go back to breaking news. we heard mike and ed tonight on the legislation and some of the sticking points here. now white house coapt wendell goler take -- correspondent wendell goler takes a more in-depth look at the bill that passed the senate this morning and is now considered in the house. >> the bill as amended is passed. >> the senate deal pas
it's essentially the new fiscal cliff, that deadline. every piece of legislation passed by the house or the senate over the last two years completely expires with this current congress. so you've got to start from scratch. that gives opponents not just on the right, but on the left as well who were not happy with the bill to build opposition, whether it's organized labor or ors or conservatives. that is a huge problem. the president is silent right now, you can guarantee if we move closer to...
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Dec 28, 2012
12/12
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if a fiscal cliff fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we really need to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darren gersh. >> so, joe, how bad could that be? >> i had, susie. unfortunately, the economy has been gaining momentum, if you look at the
if a fiscal cliff fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to...
WHUT (Howard University Television)
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technically, america did slipover the fiscal cliff because the house of representatives has yet to approve the deal. their members will reconvene later on new year's day. the brinksmanship has made it an anxious start to 2013 for millions of americans. this woman runs her own business and has had a baby recently. what she wants is certainty about her family's financial future. >> there are always decisions that affect the everyday lives of people. what we have to go through every day and sacrifice while they are playing political games, they do not understand. >> those keeping score will note that the president has won concessions from republicans, something he drew attention to yesterday, irritating opponents. if the house of representatives backed the agreement, the worst of the fiscal cliff will be averted, but it is not the finest hour of washington. the biggest fights over the deficit are still to come. >> the iranian navy has tested in an ongoing navy drilled near the strait of hormuz. reportedly tested during naval exercises, 200 kilometers was the range of the weapons used. seven c
technically, america did slipover the fiscal cliff because the house of representatives has yet to approve the deal. their members will reconvene later on new year's day. the brinksmanship has made it an anxious start to 2013 for millions of americans. this woman runs her own business and has had a baby recently. what she wants is certainty about her family's financial future. >> there are always decisions that affect the everyday lives of people. what we have to go through every day and...
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Dec 27, 2012
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the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the politicians, i think they're pursuing their best strategy right now and that leads us toward that cliff. unless something changes in the next couple of days, most folks now believe that any fix will happen after january 1st. >> the house gop leadership put out a statement yesterday. i want to read part of it for you. it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the presid
the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's...
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at had to avoid making the country go over the fiscal cliff. washington now. >> new details on secretary of state clinton's condition and where her blood clot is located. >> and later on in sports, four coaches given the axe four coaches given the axe today by the rase me, sir i'm ga have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> all right this is video just in to the newsroom. you can see the president walking into the kmol in washington. >> word of an agreement on that breaking news started trickling out about a half hour ago. we want to show you where the vice president is now briefing democratic senators on the specifics and abc 7 news has been following
at had to avoid making the country go over the fiscal cliff. washington now. >> new details on secretary of state clinton's condition and where her blood clot is located. >> and later on in sports, four coaches given the axe four coaches given the axe today by the rase me, sir i'm ga have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i...
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Dec 27, 2012
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we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statu
we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of...
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Jan 1, 2013
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media or an entertainment media built this fiscal cliff so that it appeared to be niagara falls with money running over it. it's more of a gradual slope, but we have to stop the downward slope that we're on. it's important that we do that. and this is a body that can do that. congress can do that. we do a war of words around here, this protecting the rich sticks. i don't know of anybody that's trying to protect the rich. the problem comes into the definition of "rich." that's a hard one to explain. and any attempt that looks like that goes back to the sticky word "rich," which nobody is trying to protect. i used to be in business. it was one of those -- i was one of those small business men. and i know that at the end of the year the business would show a profit. unfortunately, we couldn't take the money out of the business if we were going to continue to grow the business. if we were going to put more people on. that meant that we needed to have more product. that meant we have to have more investment in the business. so the money that we could have taken out that showed as profit a
media or an entertainment media built this fiscal cliff so that it appeared to be niagara falls with money running over it. it's more of a gradual slope, but we have to stop the downward slope that we're on. it's important that we do that. and this is a body that can do that. congress can do that. we do a war of words around here, this protecting the rich sticks. i don't know of anybody that's trying to protect the rich. the problem comes into the definition of "rich." that's a hard...
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if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a new rule in congress that, look, you cannot create any more artificial crises if you can't actually resolve them. it's not fair to people to go and, you know, create all this panic if you can't save, you know, the situation. democrats are in a better spot after january 1st. everyone has known that. republicans have predicted, democrats have predicted it, they're going to pass 250, boehner will be reelected speaker, then he has to figure out how to rule the next two years. >>> ryan, joann, thanks for being with us. >>> we'll be right back. new years clutter is no match for someone with big ideas. with a
if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a...
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Dec 30, 2012
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no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple of hours. friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and keep in mind that the senate is the first hurdle. any deal has to pass the house. we are not into the
no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it...
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Jan 1, 2013
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how will the fiscal cliff affect your 401(k) in the early part of the new year? u.s. markets finished on a high note. the dow finished the year above 13,000. a good year for stocks. the fiscal cliff, only the beginning of the drama. three more deadlines over the next three months. federal barrowing has reached the 16.4 trillion debt ceiling. we have two months of head room if they move some stuff around in accounts, the deadline to tackle that is late february, early march. next up, the sequester, a series of automatic cuts in many agencies, they kick the can about two months to march. and then there is the continuing budget resolution which enacts a budget using short-term band aids. it continues to the end of march. liberal senators oppose giving high-income households a pass on tax increase. lawmakers have a grace period to avoid the bulk of tax increases and budget cuts without causing too much damage, that's, of course, assuming the markets don't completely freak out. >> the thing is, we should remind everyone, we actually are over the cliff. we have begun after
how will the fiscal cliff affect your 401(k) in the early part of the new year? u.s. markets finished on a high note. the dow finished the year above 13,000. a good year for stocks. the fiscal cliff, only the beginning of the drama. three more deadlines over the next three months. federal barrowing has reached the 16.4 trillion debt ceiling. we have two months of head room if they move some stuff around in accounts, the deadline to tackle that is late february, early march. next up, the...